A BILLION HERE AND A BILLION THERE…: Meta’s Reality Labs has now lost more than $21 billion since the beginning of last year.

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 “Meta said in its earnings report that it expects operating losses in its Reality Labs unit ‘to increase meaningfully year-over-year due to our ongoing product development efforts in augmented reality/virtual reality and investments to further scale our ecosystem.’”

www.cnbc.com/2023/07/26/metas-reality-labs-has-now-lost-more-than-21-billion.html

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